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You can guess what Ashtead says next after observing “despite robust end markets…”!

By Chris Bailey | Monday 20 November 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Ashtead (AHT) offers rental opportunities in “a full range of construction and industrial equipment across a wide variety of applications to a diverse customer base”. I can remember about twenty years ago, when I used to sit opposite someone who was convinced that it would go bust but it avoided that, and the-then sub 10p share price hit over a sixty quid level a couple of years ago. Sadly, I was never clever enough to get involved in the stock during the glory years, but that also means I have no exposure when it announces a bit of a mixed update this morning…
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